Apple shareholders nix disclosure of Jobs succession plan

The first rule of Jobs Club is: You do not talk about Jobs Club


Apple shareholders have rejected a proposal that would have required the company to disclose its CEO succession plans. So we still have no way of knowing how the company is handling the ongoing health problems facing current CEO and spiritual leader Steve Jobs.

The succession plan proposal was floated by the Central Laborers' Pension Fund of Jacksonville, Illinois, which holds about 11,500 shares of Apple stock, and was later endorsed by the Institutional Shareholder Services and the Laborers’ International Union of North America.

But according to The Wall Street Journal, an early vote count at Apple's annual shareholders meeting on Wednesday indicated that the measure had not passed. Apple's board had recommended that the plan be rejected.

If approved, the measure would have required Apple to "adopt and disclose a written and detailed succession planning policy". Jobs did not attend the meeting, as expected. He is currently on leave from Apple, with no date set for his return. Last year, Jobs received a liver transplant, which was apparently related to his earlier treatment for pancreatic cancer.

Chief Operating Officer Tim Cook is filling in for Jobs, just as he did in 2004 and 2009 when Jobs was on leave. Cook presided over today's shareholder's meeting. According to a report from The Journal, Jobs is still involved in strategic company decisions while he's officially on leave. ®

Similar topics

Broader topics


Other stories you might like

  • Israel plans ‘Cyber-Dome’ to defeat digital attacks from Iran and others
    Already has 'Iron Dome' – does it need another hero?

    The new head of Israel's National Cyber Directorate (INCD) has announced the nation intends to build a "Cyber-Dome" – a national defense system to fend off digital attacks.

    Gaby Portnoy, director general of INCD, revealed plans for Cyber-Dome on Tuesday, delivering his first public speech since his appointment to the role in February. Portnoy is a 31-year veteran of the Israeli Defense Forces, which he exited as a brigadier general after also serving as head of operations for the Intelligence Corps, and leading visual intelligence team Unit 9900.

    "The Cyber-Dome will elevate national cyber security by implementing new mechanisms in the national cyber perimeter, reducing the harm from cyber attacks at scale," Portnoy told a conference in Tel Aviv. "The Cyber-Dome will also provide tools and services to elevate the protection of the national assets as a whole. The Dome is a new big data, AI, overall approach to proactive defense. It will synchronize nation-level real-time detection, analysis, and mitigation of threats."

    Continue reading
  • Intel to sell Massachusetts R&D site, once home to its only New England fab
    End of another era as former DEC facility faces demolition

    As Intel gets ready to build fabs in Arizona and Ohio, the x86 giant is planning to offload a 149-acre historic research and development site in Massachusetts that was once home to the company's only chip manufacturing plant in New England.

    An Intel spokesperson confirmed on Wednesday to The Register it plans to sell the property. The company expects to transfer the site to a new owner, a real-estate developer, next summer, whereupon it'll be torn down completely.

    The site is located at 75 Reed Rd in Hudson, Massachusetts, between Boston and Worcester. It has been home to more than 800 R&D employees, according to Intel. The spokesperson told us the US giant will move its Hudson employees to a facility it's leasing in Harvard, Massachusetts, about 13 miles away.

    Continue reading
  • Start using Modern Auth now for Exchange Online
    Before Microsoft shutters basic logins in a few months

    The US government is pushing federal agencies and private corporations to adopt the Modern Authentication method in Exchange Online before Microsoft starts shutting down Basic Authentication from the first day of October.

    In an advisory [PDF] this week, Uncle Sam's Cybersecurity and Infrastructure Security Agency (CISA) noted that while federal executive civilian branch (FCEB) agencies – which includes such organizations as the Federal Communications Commission, Federal Trade Commission, and such departments as Homeland Security, Justice, Treasury, and State – are required to make the change, all organizations should make the switch from Basic Authentication.

    "Federal agencies should determine their use of Basic Auth and migrate users and applications to Modern Auth," CISA wrote. "After completing the migration to Modern Auth, agencies should block Basic Auth."

    Continue reading
  • Arrogant, subtle, entitled: 'Toxic' open source GitHub discussions examined
    Developer interactions sometimes contain their own kind of poison

    Analysis Toxic discussions on open-source GitHub projects tend to involve entitlement, subtle insults, and arrogance, according to an academic study. That contrasts with the toxic behavior – typically bad language, hate speech, and harassment – found on other corners of the web.

    Whether that seems obvious or not, it's an interesting point to consider because, for one thing, it means technical and non-technical methods to detect and curb toxic behavior on one part of the internet may not therefore work well on GitHub, and if you're involved in communities on the code-hosting giant, you may find this research useful in combating trolls and unacceptable conduct.

    It may also mean systems intended to automatically detect and report toxicity in open-source projects, or at least ones on GitHub, may need to be developed specifically for that task due to their unique nature.

    Continue reading

Biting the hand that feeds IT © 1998–2022